Protect Your Building Projects with Nelson Construction Insurance
Building starts in Nelson have enjoyed robust growth year over year, with a significant shift in new construction from single-family homes to multi-unit dwellings. The demand for residential property in this beautiful lakeside town is consistently rising. Builders have been working at a furious pace to provide enough housing, using Nelson construction insurance to protect themselves and their workers in this challenging environment.
Nelson has changed the rules of construction to allow increased density in some residential areas, permitting three dwellings on lots that previously would only have allowed for two. Since Nelson implemented the new building rules, permits for multi-unit residential construction have outpaced those for single-family homes. As a result, construction in Nelson has become increasingly complex and susceptible to risk.
Managed Risk in a Challenging Building Climate
The construction industry in Nelson has shifted to larger, more densely packed structures. As a contractor, you assume significant risk on every project. The larger the building, however, the larger both your investment and your crew will be. Protecting your workers and your assets is paramount to the success of your business.
Our insurance experts can support you with a range of insurance options and professional services to keep your workers safe and your project on track. Some of our Nelson construction insurance options include:
- Employee benefits: We help you stay compliant and minimise expenses with workmen's compensation. Our brokers can help you find employee health insurance and other benefits. Offering the right benefits package helps you attract skilled workers, even in a tight labour market.
- Property and casualty insurance: This policy protects your organisation from lawsuits and liability due to accidents, perceived negligence, product defects, or other costly issues.
- Project "wrap-up" insurance: We offer both owner-controlled insurance programmes (OCIP) and contractor-controlled programmes (CCIP) to cover your project from start to finish. These packages are comprehensive and customised to suit the specifics of your job.
Professional Solutions for the Construction Industry
We provide a range of professional services for the construction industry that allow your business to reduce risk:
- Contract review assistance: We can help you reconcile change orders with the original contract throughout the process of construction. Changes happen, but they don't have to diminish your bottom line or push out your completion dates.
- Worker shortage management: HUB International professionals will consult with you on how to attract skilled labour through your benefit package offerings. We will also guide you through handling Workers’ Compensation claims to ensure that workers are able to return to the job site as soon as possible.
- Surety bonds: We guarantee surety bonds for qualified builders to help you secure larger and more complex projects and help you keep your obligations for compliance and timelines. We partner with you to guarantee lenders and others that you will complete the contracted work correctly and on time. Once we issue a surety bond, we will assist you in meeting your obligations and deadlines.
- Professional liability: If you offer any design or other professional services on a construction project, we offer coverage to protect you against charges of negligence, errors, or omissions that could ruin your business.
When you work with HUB International, you have a partner in your construction business. We'll work with you on each project in Nelson, from the bidding process to completion, ensuring that your assets are properly insured and that you meet or exceed your goals for safety and compliance. We'll protect your business and your reputation as you fulfill the ever-expanding demand for housing in Nelson. Learn more about HUB’s construction insurance offerings!